Fallback Auction Sample Clauses

Fallback Auction. 1. In case a Fallback Auction takes place due to the reasons listed in Article 39, paragraph 1, the Allocation Platform will generate Rights Documents using Auction results determined within the last simulation of the Auction carried out according to paragraph 3 of this Article before the technical problems occurred, if necessary reduced according to paragraph 5 of this Article.
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Fallback Auction. 1. If the Allocation Platform, after publishing the Auction Specification, is unable to hold Auction Processes due to reasons listed in Article 39, paragraph 1, the Allocation Platform shall send the Notification to all Registered Participants of the application of Fallback Auction, as soon as possible and no later than 10:15 a.m. on the day preceding the delivery day.
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Fallback Auction. If the Allocation Platform, after publishing the Auction Specification, is unable to hold Shadow Auction Processes due to reasons listed in Article 39, paragraph 1, the Allocation Platform shall send the Notification to all Registered Participants of the application of Fallback Auction, as soon as possible and no later than 13:30 p.m. on the day preceding the delivery day. In case of Fallback Auction, only the Default Bids for Fallback Auction, in line with Article 31, will be taken into account. If default Bid Quantity or a quantity calculated as a sum of the Bid Quantities for several default Bids submitted for the same Shadow Auction by the Registered Participant exceeds the final Offered Capacity, Bid Quantity will be decreased to be equal to the Offered Capacity. The Offered Capacity is split in proportional shares between the Registered Participants. Marginal price of the Daily Transmission Rights is 0 €/MWh. Value of the Daily Transmission Rights will be rounded down to the nearest to the nearest full MW. Registered Participants will be informed about the results by 13:40, on D-1. Shadow Auction cancellation In case the Allocation Platform cancels a Shadow Auction, all Bids already submitted and any results of the respective Shadow Auction shall be deemed null and void. The Allocation Platform shall inform all Registered Participants without undue delay, of the Shadow Auction cancellation by notification published in the Auction Tool or on website of Allocation Platform and by e-mail. A Shadow Auction cancellation may be announced in the following cases: before the Cross Zonal Capacity is deemed to be allocated in case the Allocation Platform faces technical obstacles during the Shadow Auction process like a failure of standard processes and fallback procedures or similar reasons; and during the contestation period, in the event of erroneous results due to incorrect Marginal Price calculation or incorrect allocation of Transmission Rights to Registered Participants or similar reasons. In case of Shadow Auction cancellation before the final Shadow Auction results publication, no compensation shall be paid to the Registered Participants. The Allocation Platform shall publish on its website, without undue delay, the reasons for the Shadow Auction cancellation. The provisions of this Article 43 may also be applied to a Fallback Auction (in the event of erroneous results). Curtailment Triggering events and consequences of curtailment on Daily Transmissio...
Sample 1
Fallback Auction. If the Allocation Platform, after publishing the Auction Specification, is unable to hold Auction Processes due to reasons listed in Article 39, paragraph 1, the Allocation Platform shall send the Notification to all Registered Participants of the application of Fallback Auction, as soon as possible and no later than 10:15 a.m. on the day preceding the delivery day. In case of Fallback Auction, only the Default Bids for Fallback Auction, in line with Article 31, will be taken into account in the daily Auction Process. If default Bid Quantity or a quantity calculated as a sum of the Bid Quantities for several default Bids submitted for the same Auction by the Registered Participant exceeds the final Offered Capacity, Bid Quantity will be decreased to be equal to the Offered Capacity. The Offered Capacity is split in proportional shares between the Registered Participants. Marginal price of the Daily Transmission Rights is 0 €/MWh. Value of the Daily Transmission Rights will be rounded down to the nearest to the nearest full MW. Registered Participants will be informed about the results by 10:45 a.m., on D-1.
Sample 1

Related to Fallback Auction

  • BEFORE AUCTION 4.1 All intended bidder can access to the ESZAM AUCTIONEER SDN BHD website to download the Proclamation of Sale (POS) & Conditions of Sale (COS). By proceeding with E-bidding with ESZAM AUCTIONEER SDN BHD, the E-bidders’ have agreed and accepted the ESZAM AUCTIONEER SDN BHD terms and conditions. Any bid by registered E-bidder shall not be withdrawn once entered.

  • AFTER AUCTION 6.1 Any successful E-bidders shall and undertake to sign the contract of sale and pay the additional 10% for the difference of the purchase price within two (2) working days to ESZAM AUCTIONEER SDN BHD bank account or prepare a bank draft. In the event that the successful E-bidder fail to pay additional deposit, the Bank will forfeit the deposit and the sale will be deemed cancelled/terminated and the property may be put up for subsequent auction without further notice to the said E-bidders.

  • Acceptance Testing At the time of installation of a LIS trunk group, and at no additional charge, acceptance tests will be performed to ensure that the service is operational and meets the applicable technical parameters.

  • WORKING DAY BEFORE AUCTION DATE and the balance of the purchase price is to be settled within ninety (90) days from the date of auction sale to RHB Islamic Bank Berhad via bank draft / XXXXXX. Details of payment via XXXXXX, please liaise with Messrs. Xxxxx Xxxxx Xxxx & Associates. For online bidders please refer to the Terms & Conditions on xxx.xxxxxxxxxxxxxxxx.xxx. on the manner of payment of the deposit. For further particulars, please apply to Messrs. Xxxxx Xxxxx Xxxx & Associates, Solicitors for the Assignee/Bank at Xx. 0, Xxxxx Xxxxxx 00/0, Xxxxxx Xxxx Xxxxxx Xxxx, 00000 Xxxxx, Xxxxx. (Ref No: NSS/RHBI/00000-0000/fbi, Tel No.: 00-0000000 Fax No.: 00-0000000 / 00-0000000) or the under mentioned Auctioneer:- or the under mentioned Auctioneer:- EHSAN AUCTIONEERS SDN. BHD. (Co. No. 617309-U) DATO’ HAJI XXXXX XXXXX BIN X.X. XXXX (D.I.M.P) Suite C-20-3A, Level 00, Xxxxx X, Xxxxx Xxxxxx XX, / XXXXX XXXXX BIN XXXXXX 00, Xxxxx Xxx Xxxx Xxxx, 50450 Kuala Lumpur (Licensed Auctioneers) Tel No.: 00-0000 0000 Fax No.: 00-0000 0000 Hp No.: 016-2161047 Our Ref: ALIN/RHI1025/ARSA Website: xxx.xxxxxxxxxxxxxxxx.xxx E-mail: xxxxxx@xxxxxxxxxxxxxxxx.xxx HP NO. : 000 0000 000 (CALL, WHATSAPP & SMS) PERISYTIHARAN JUALAN DALAM PERKARA PERJANJIAN MUSHARAKAH (RUMAH DALAM PEMBINAAN) XXX PENYERAHANHAK PIHAK PERTAMA KEDUA-DUANYA BERTARIKH 23HB DISEMBER, 2014 ANTARA RHB ISLAMIC BANK BERHAD [No. Syarikat 200501003283 (680329-V)] Pihak Pemegang Serahhak/Bank (yang telah mengambil xxxx xxxxxx xxx-xxx, aset xxx liabiliti RHB Bank Berhad melalui Perintah Perletakkanhak bertarikh 8.3.2005) XXX XXXXXXX XXXXX XXXXX (NO K/P.: 631116-01-5812/7194002) Pihak Penyerahhak/Pelanggan Menurut kuasa xxx xxx xxxx telah diberikan kepada Pihak Pemegang Serahhak/Bank di bawah Perjanjian Musharakah (Rumah Dalam Pembinaan) xxx Penyerahanhak Pihak Pertama kedua-duanya bertarikh 23hb Disember, 2014 di antara Pihak Penyerahhak/Pihak Pelanggan xxx Pihak Pemegang Serahhak/Bank adalah dengan ini diisytiharkan bahawa Pihak Pemegang Serahhak/Bank dengan dibantu oleh Pelelong yang tersebut di bawah akan menjual hartanah yang diterangkan di bawah secara:- LELONGAN AWAM SECARA ATAS TALIAN

  • ONLINE PUBLIC AUCTION PROCESS 2.1. E-Bidders may browse through the PAH Website and select the properties they wish to bid online.

  • Acceptance Period For all Services provided under this Agreement, Vendor grants to Citizens a thirty (30) calendar day acceptance period ("Acceptance Period") commencing on the date completed Services are delivered to Citizens. Citizens shall have the right to reject the Services, in whole or in part, during the Acceptance Period for Vendor’s failure to meet the specifications associated with the delivered Services, with such determination to be made in Citizens’ reasonable judgment. At the end of the Acceptance Period, if Citizens has not rejected the Services, the Services shall be deemed to be accepted by Citizens; provided, however, that Citizens’ acceptance of the Services shall not be deemed a waiver of any of Citizens’ warranty rights as expressly provided in this Agreement.

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